The Fact That a Fall in the Price of a Good

question 25

Multiple Choice

The fact that a fall in the price of a good results in a decrease in the quantity of the good supplied illustrates

• A)the law of supply.
• B)the law of demand.
• C)a change in supply.
• D)the nature of an inferior good.
• E)technological improvement.

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Definitions:

Lintel

A horizontal beam used to span an opening.

Tympanum

The semi-circular or triangular decorative wall surface over an entrance, bounded by a lintel and arch, often containing sculptures or frescoes.

Vézelay

A historic village in France, known for the Basilica of Sainte-Marie-Madeleine, a masterpiece of Romanesque architecture and a UNESCO World Heritage Site.

South Portal

The term generally refers to the southern entrance of a cathedral or church, which often features significant architectural details and decorations.